Singapore legislation

Regulation 8

of Securities and Futures (Corporate Governance of Approved Exchanges, Approved Clearing Houses, Licensed Trade Repositories and Approved Holding Companies) Regulations 2024

Regulation 8

Committees of board of directors

Subregulation 1

Subject to paragraph (3), a regulated institution must have —

(a)

a Nominating Committee;

(b)

a Remuneration Committee;

(c)

an Audit Committee;

(d)

a Conflicts Committee; and

(e)

a Risk Management Committee.

Subregulation 2

A regulated institution must ensure that every member of each committee mentioned in paragraph (1) has unfettered access to information which the regulated institution is in possession of or has access to, for the purposes of carrying out the responsibilities of the committee.

Subregulation 3

A licensed trade repository, and an approved holding company of a licensed trade repository which does not carry on any business other than being a holding company of a licensed trade repository, are not required to have a Conflicts Committee.

Read in full context — Securities and Futures (Corporate Governance of Approved Exchanges, Approved Clearing Houses, Licensed Trade Repositories and Approved Holding Companies) Regulations 2024 →